Who is Sam Bankman-Fried

Age: 32

Sam Bankman-Fried was the founder of the now-collapsed FTX Exchange after it was found to be insolvent and alledging using customer funds to support sister company Alameda Research.

As of November 2023, Bankman-Fried has been found guilty on charges related to one of the largest financial frauds in U.S. history. A New York jury convicted him of fraud in a scheme that defrauded customers and investors of at least $10 billion!
Sam was arrested on December 12, 2022, in the Bahamas where he lived and where FTX operated.

He was quickly extradited to the United States with his bail being set at $250 million not long after his arrest. Two, as of now anonymous, individuals helped meet the bail bond, however, a recent court ruling may lead to the identities of those who helped Sam could be revealed soon.

The trial's outcome implies that Bankman-Fried could spend decades in prison. Sam Bankman-Fried is scheduled to be sentenced in late March 2024. Prosecutors will recommend a sentence by March 15, and then he will appear in court for the sentencing hearing?.

His lawyers have suggested they will appeal the guilty verdicts.